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Sharp V-shaped reversal! US tech stocks collectively recover
After several tough days, families can finally breathe a sigh of relief tonight. In early trading, the chip sector was still selling off, dropping over 2.5%, but then violently surged, with the Philadelphia Semiconductor Index closing up 3.83% and Western Digital surging 11%.
The Nasdaq closed up 2.07%, Tesla rose over 8%, SpaceX gained 7%, and Chinese concept stocks also rallied broadly. After days of consecutive declines, tech sentiment finally saw a decent recovery. #SKHYNIX $SKHYNIX